Results 25,021-25,040 of 33,175 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Primary Medical Certificates (30 Sep 2021)

Paschal Donohoe: To qualify for a Primary Medical Certificate an applicant must be permanently and severely disabled, and satisfy at least one of the following medical criteria, in order to obtain a Primary Medical Certificate: - be wholly or almost wholly without the use of both legs; - be wholly without the use of one leg and almost wholly without the use of the other leg such that the applicant is...

Written Answers — Department of Finance: Insurance Coverage (30 Sep 2021)

Paschal Donohoe: I understand that the Deputy is referring to life and mortgage protection insurance products in her question. At the outset, it is important to note that neither I, nor the Central Bank of Ireland, can intervene in the provision or pricing of insurance products or have the power to direct insurance companies as to what terms and conditions apply in relation to the provision of cover to...

Written Answers — Department of Finance: Tax Reliefs (30 Sep 2021)

Paschal Donohoe: I am advised by Revenue that the person in question is registered as a self-assessed taxpayer and was also in receipt of PAYE income in 2018. Following a review of the person’s overall tax position for that year, Revenue is satisfied that he received Illness Benefit payments from the Department of Social Protection. The benefit payments were correctly liable to tax but not to the...

Written Answers — Department of Finance: Departmental Schemes (30 Sep 2021)

Paschal Donohoe: Help-to-Buy (HTB) is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment.  The incentive gives a refund of Income Tax and Deposit Interest Retention Tax paid in the State over the previous four years, subject to limits outlined in the legislation. Section 477C of the Taxes Consolidation Act 1997 outlines the definitions...

Written Answers — Department of Finance: Budget 2022 (30 Sep 2021)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.  However, for clarity, it is important to note that the VAT Consolidation Tax Act 2010 (VATCA) on Schedule 1 Paragraphs (1) (2) and (3), provides for crèche and nursery services...

Written Answers — Department of Finance: Tax Data (30 Sep 2021)

Paschal Donohoe: As the Deputy is aware, loss relief for corporation tax is a long-standing feature of the Irish corporate tax system and a standard feature of corporation tax systems in most OECD countries. It recognises the fact that a business cycle runs over several years and that it would be unfair to tax income earned in one year and not allow relief for losses incurred in another. Loss relief...

Written Answers — Department of Finance: Budget 2022 (30 Sep 2021)

Paschal Donohoe: I propose to take Questions Nos. 168 and 169 together. In advance of the Budget, as Minister for Finance I receive a large number of pre-budget submissions on a wide range of issues.  These can range from highly detailed and developed proposals for specific changes to existing taxes, reliefs, exemptions and allowances to more straightforward requests, for...

Written Answers — Department of Finance: Tax Data (30 Sep 2021)

Paschal Donohoe: I am advised by Revenue that data in respect of Local Property Tax (LPT) is captured at individual property, and Local Authority levels. Data in relation to strategic housing developments is not required for the efficient administration of the tax and consequently the information requested by the Deputy is not available.

Written Answers — Department of Finance: Tax Data (30 Sep 2021)

Paschal Donohoe: I am advised by Revenue that the table below sets out, in county order, the amount of Local Property Tax (LPT) that was foregone through exemptions for the current ‘valuation period’ (2013- 2021). The figures provided are based on valuations returned by property owners for their exempt properties. It is important to note that properties built since 2013 are outside the scope of...

Written Answers — Department of Finance: Tax Data (30 Sep 2021)

Paschal Donohoe: As legislated for in the Finance Act 2016, the Bank Levy is due to expire at end-2021. The medium-term fiscal forecasts in the Summer Economic Statement contained a reduction in revenue from 2022 to take into account the expiration of the levy. Any decision on whether to extend the Bank Levy will be made in the context of Budget 2022. Should the measure be continued,...

Written Answers — Department of Finance: Employment Support Services (5 Oct 2021)

Paschal Donohoe: I am aware of the difficulties being experienced by the arts sector due to the cost and availability of insurance. However, as the Deputy will be aware, neither I nor the Central Bank of Ireland can interfere in the provision or pricing of insurance products, nor do we have the power to direct insurance companies to provide cover to specific businesses or individuals. This position is...

Written Answers — Department of Finance: Housing Schemes (5 Oct 2021)

Paschal Donohoe: The Help to Buy (HTB) incentive is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. The incentive gives a refund on Income Tax and Deposit Interest Retention Tax (DIRT) paid in the State over the previous four years, subject to limits outlined in the legislation. Section 477C Taxes Consolidation Act (TCA) 1997 outlines the...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (5 Oct 2021)

Paschal Donohoe: I am aware of concerns that have been raised regarding the pace of recovery for the arts sector. However, the position is that the Employment Wage Subsidy Scheme (EWSS) is an economy wide support. The objective of EWSS is to support all employment and to maintain the link between the employer and employee insofar as is possible. The scheme is open to all businesses, provided the business...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (5 Oct 2021)

Paschal Donohoe: Section 28B of the Emergency Measures in the Public Interest (Covid-19) Act 2020 provides for the Employment Wage Subsidy Scheme (EWSS) which is an economy-wide enterprise support for eligible businesses. EWSS provides a flat-rate subsidy to qualifying employers, based on the number of qualifying employees on the payroll. To date, €4.9bn has been paid out under the scheme to 51,500...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (5 Oct 2021)

Paschal Donohoe: The Debt Warehousing Scheme remains available to support businesses that are experiencing tax payment difficulties arising from the COVID-19 pandemic. The scheme, which has to date provided €2.6 billion in liquidity to approximately 95,000 businesses, applies to VAT debts, PAYE (Employer) debts, certain self-assessed income tax debts and overpayments of both the Temporary Wage Subsidy...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (5 Oct 2021)

Paschal Donohoe: The Covid Restrictions Support Scheme (CRSS) is provided for in section 11 of the Finance Act 2020. To qualify under the scheme a business must, under specific terms of the Covid restrictions, be required to either prohibit or significantly restrict customers from accessing their business premises to acquire goods or services, with the result that the business either has to temporarily close...

Written Answers — Department of Finance: Tax Credits (5 Oct 2021)

Paschal Donohoe: The purpose of the Stay and Spend scheme was to provide targeted support to businesses within the hospitality sector whose operations are likely to have been most affected by continued restrictions on public health grounds. The scheme ended on 30 April. Since 1 October 2020, a total of 67,982 receipts have been uploaded to the Revenue Receipts Tracker, as at 29 September 2021. The...

Written Answers — Department of Finance: Tax Reliefs (5 Oct 2021)

Paschal Donohoe: As the Deputy will be aware, section 118(5G) of the Taxes Consolidation Act 1997 (TCA 1997) provides for the Cycle to Work scheme. This scheme provides an exemption from benefit-in-kind (BIK) where an employer purchases a bicycle and associated safety equipment for an employee and was introduced in 2009. The cycle to work scheme operates on a self-administration basis. Relief is...

Written Answers — Department of Finance: Tax Yield (5 Oct 2021)

Paschal Donohoe: Revenue has published an initial set of statistics in relation to Local Property Tax (LPT) for 2022, which is available on the Revenue website. These statistics include Revenue’s projected estimate of the 2022 receipts, which stands at €538m, taking account of the rate adjustment decisions of Local Authorities. I am advised that these estimates are based on Revenue’s...

Written Answers — Department of Finance: Tax Code (5 Oct 2021)

Paschal Donohoe: I am advised by Revenue that property owners are required to self-assess the value of their properties at 1 November 2021 for Local Property Tax (LPT) purposes. This valuation will determine the amount of LPT they pay for the next ‘valuation period’ which runs from 2022 to 2025 inclusive. Revenue has provided an ‘interactive valuation tool’and other guidance on the...